Saturday, November 29, 2014

Fiat Banking - the 2nd Greatest Scam on Earth

The first Greatest Scam on Earth is the fraudulent holoHOAX, which has been used to cover a litany of Jew sins, from their savage, unprovoked attack on the USS Liberty, to their attack on the financial systems of many Western nations, like England and the USA whereby they loot not billions, but TRILLIONS of dollars of wealth from their GOY cattle, while always using the holoHOAX to generate sympathy for the blood-suckers, to their systematic destruction of Palestine, trying--and so far, succeeding--to 'wipe Palestine off the face of the Earth--while hiding behind the holoHOAX.

Fiat Money -Toilet Paper MoneyThe history of fiat money, to put it kindly, has been one of failure. In fact, EVERY fiat currency since the Romans first began the practice in the first century has ended in devaluation and eventual collapse, of not only the currency, but of the economy that housed the fiat currency as well.I will show you that fiat currencies have not been successful, and the only aspect of fiat currencies that have stood the test of time is the inability of political systems to prevent the devaluation and debasement of this toilet paper money by letting the printing presses run wild.

Fiat Money -Rome — The Denarius

Although Rome didn’t actually have paper money, it provided one of the first examples of true debasement of a currency. The denarius, Rome’s coinage of the time, was, essentially, pure silver at the beginning of the first century A.D. By A.D. 54, Emperor Nero had entered the scene, and the denarius was approximately 94% silver. By around A.D.100, the denarius’ silver content was down to 85%.

Emperors that succeeded Nero liked the idea of devaluing their currency in order to pay the bills and increase their own wealth. By 218, the denarius was down to 43% silver, and in 244, Emperor Philip the Arab had the silver content dropped to 0.05%. Around the time of Rome’s collapse, the denarius contained only 0.02% silver and virtually nobody accepted it as a medium of exchange or a store of value.

There's more examples throughout history, like China's Flying Money; France and their Livres, Assignats, and Francs; and Germany during the Weimar Republic, following the 'War to End all Wars,' World War I.

Post-World War I Weimar Germany was one of the greatest periods of hyperinflation that ever existed. The Treaty of Versailles was essentially a financial punishment placed on Germany to make reparations.The sums of money to be paid by Germany were enormous, and the only way it could make repayment was by running the printing press. (Huge unpayable debt — that sounds familiar. I wonder what the solution in the U.S. will be.)Inflation got so bad in this period that German citizens were literally using stacks of marks to heat their furnaces. Here is a brief timeline of the marks per one U.S. dollar exchange rate:April 1919: 12 marksNovember 1921: 263 marksJanuary 1923: 17,000 marksAugust 1923: 4.621 million marksOctober 1923: 25.26 billion marksDecember 1923: 4.2 trillion marks.

More recent examples have been in Argentina, Mexico, Norway, Sweden and Finland, Thailand and the insane mess in Zimbabwe, a nation that was once known as the 'breadbasket of Africa.'

Until the illegal and amoral Jew owned and run Federal Reserve is closed down and the power to create money returned to the US Congress, where it should be, according to the U.S. Constitution, there will be no end to the wars ravaging the planet, and the Jew bankers will keep running our government behind the scenes, where they make our whored-out Senators and Reps dance to any tune the bankers call.While the bankers use corrupted governments around the world to always create terror, blaming it on those dark-skinned Muzzies, while they clean out the nation's treasury.

In today's banker controlled world, money = debt, debt = slavery and therefore money = slavery --- our monetary systems have become systems of enslavement. Money is created out of nothing, issued as debt, not enough money is created for the future interest payments and inflation steals our savings. The money creation process should be taken away from the banks and given to the governments who can create money debt-free, interest-free.

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